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Politics : Welcome to Slider's Dugout
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To: RonMerks who wrote (7850)1/30/2008 10:15:29 AM
From: Rarebird  Read Replies (2) of 50509
 
If Bernanke drove a car the way he manages Fed monetary policy, he would be pulled over on suspicion of driving while intoxicated. If the Fed does cut rates again, it will just indicate that they are blowing another asset bubble in an unnecessary attempt to avoid a recession. And, of course, that means that the Fed will have to raise rates in the future more than it otherwise would have done in order to slow the inflation that results from these unnecessary moves.

Next asset bubble, courtesy of the Fed, looks to be Gold.
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